I just received 29.14$ this evening from Yellow Pages Income Fund (YLO.UN). On Monday, the dividend should DRIP and provide me at least 4 new units! Thanks Yellow Pages Income Fund (YLO.UN). The dividend just keep adding up!
Saturday, May 15, 2010
The Creststreet Alternative Energy Fund: 5 months after the departure of mutual fund manager Steve Martin
Back on February 2, 2010, Shirley Won from the Globe and Mail had announced that Steve Martin, one of the managers of the Creststreet Alternative Energy Fund, was leaving Creststreet Asset Management Ltd. At the time, when I learned that Steve Martin was leaving the Creststreet Alternative Energy Fund behind, I decided to do the same thing. And it appears it was the correct thing to do.
Back than, I was holding 29.229 units of Creststreet Alternative Energy Fund – Class A. I was able to sell the fund, making a profit of 100$ after commission. Originally, it’s 1 000$ that I had invested in the Creststreet Alternative Energy Fund. On date of today, the Creststreet Alternative Energy Fund had lost in value. You could blame the TSX points loss of Friday, but I had been checking on Creststreet Alternative Energy Fund quite often since Steve Martin departure and ever since, the Creststreet Alternative Energy Fund had loss in value. Not that much, but still. The fund may not be able to reach 142% annual gain ever again without Steve Martin.
Just verify the graphic from February 2010 to today for yourself… All the way down. In January, when Steve Martin was still a manager of the Creststreet Alternative Energy Fund, the fund had reached its highest point, reaching a value of more than 43$ per unit. Can you simply imagine what could had happened if Steve Martin would had remained at Creststreet? The units could have reached the value of 45$ by now, making me even richer… Interesting isn’t? Steve Martin was that of a good mutual fund manager. Wonder what he does now.
Back than, I was holding 29.229 units of Creststreet Alternative Energy Fund – Class A. I was able to sell the fund, making a profit of 100$ after commission. Originally, it’s 1 000$ that I had invested in the Creststreet Alternative Energy Fund. On date of today, the Creststreet Alternative Energy Fund had lost in value. You could blame the TSX points loss of Friday, but I had been checking on Creststreet Alternative Energy Fund quite often since Steve Martin departure and ever since, the Creststreet Alternative Energy Fund had loss in value. Not that much, but still. The fund may not be able to reach 142% annual gain ever again without Steve Martin.
Just verify the graphic from February 2010 to today for yourself… All the way down. In January, when Steve Martin was still a manager of the Creststreet Alternative Energy Fund, the fund had reached its highest point, reaching a value of more than 43$ per unit. Can you simply imagine what could had happened if Steve Martin would had remained at Creststreet? The units could have reached the value of 45$ by now, making me even richer… Interesting isn’t? Steve Martin was that of a good mutual fund manager. Wonder what he does now.
Getting rich and richer: stories about investment, laid off, and poor BMO Bank of Montreal banking system
This last Friday, I close the day with a non registered portfolio at 48 077.23$. This includes, of course, my new investment of today, 100 units of PGF.UN. The TSX loss a bit more than 100 points, so I won’t update my portfolio, it requires too much work for little results. A quick look at my investments let me think that the overall is quite stable. I was quite happy to make another investment this Friday. I really taught I would not be able to invest in anything for the month of May, but it appears that I was wrong. I hope to invest again in June and if possible, that time it will be 100 stocks of CDL.A and luckily, by that time, my investment portfolio will worth more than 90 000$. Until I reach the magic 100 000$, I will be working mostly exclusively at investment. I had wrote different things about what I will be doing with my money for the next couple of months, thinking about paying debt, margin, etc…. But once again I have chance my mind and I decide to exclusively invest until I reach my assets goal. Having more than 37 000$ in debts do not bother be at all actually. My debt never really bothers me too much actually.
As you can imagine, I am currently out of cash, I am waiting for my next 2 paychecks in order to be able to pay for my June expenses and even there, I may not have enough o cover all of June expenses. So some earnings of June will be use to pay the month of June itself… I am the one who decide to invest in 100 units of PGF.UN so I have to live with my decision, not that I regret it. It’s just I am imposing myself a very restricted budget. But I haven’t been saving as much money as I could lately, I did not control my expenses too much. For now am in good position anyhow. I just cannot wait to reach the 90 000$ in assets! Might be by the end of the summer if everything goes well.
Other project on the way for the Dividend Girl:
-Start a margin on my broker account to pay off 10 000$ in credit lines debt
I currently have a debt of 5 000$ at 8% at TD Canada Trust on a credit line. I also have a 5 000$ at 3.5% at BMO Bank of Montreal. I want to pay off my credit line at BMO Bank of Montreal for the simple and good reason that I got laid off from BMO Bank of Montreal and do no longer wants to give any of my business to BMO Bank of Montreal.. At the time they decide to layoff me from the Montreal call centre, shortly after giving a 5 000$ credit line and a 4 000$ value credit card, no one at BMO Bank of Montreal knew about my investments. By spilling on me, BMO Bank of Montreal has to say good bye to a future 100 000$ + dividend + interest rates and everything else.
Anyhow, just to come back on the center of my topic, 8% is kind of a huge interest rate for a credit line. I once call TD Canada Trust on how I could get a better interest rate. According to the representative I talked to before, I need to present myself at a TD branch with a copy of my credit score. Not enough for TD to have in their hands half of my fortune, TD is as bad as I am, they want always MORE. I know I should, but I don’t want to get a look at my credit score for now, but I want to be able to get a better interest rate. The margin at T D Waterhouse is at a real fantastic 3.5%. I post a couple of times about margin on my blog. At first, it came as a good solution. But after, I got scared of it and than after, I decide well, just to go ahead with it. Not only that I want to ruin BMO Bank of Montreal business, but I also want to get out of their silly banking system. Want to know what I am taking about? Last month, I came across this situation I pay my BMO Bank of Montreal on the first of the month or close by. But the payment had not be consider for the month of April, but as for the month of March because I had paid before my billing cycle date, which is the 5th of each month. So in result, I had been considered as being one month late in my payment and in result, I had to pay an extra 100$ on my minimum monthly payment. I never went to go through this again. I never had experiment such things at TD and with all the other institutions I had deal with. Do you really want to know why I am having this kind of problem with BMO Bank of Montreal only? Because BMO Bank of Montreal whole banking system suck. That’s why. I want to make sure I won’t get any problem anymore. I don’t want BMO Bank of Montreal to make money on the interest of the credit line anymore. I prefer to give ALL of my business to TD Canada Trust who had been there for me since 2005. I just need to get my margin approve at T D Waterhouse and, in the case I am being refused, I will close everything. Scary isn’t?
As you can imagine, I am currently out of cash, I am waiting for my next 2 paychecks in order to be able to pay for my June expenses and even there, I may not have enough o cover all of June expenses. So some earnings of June will be use to pay the month of June itself… I am the one who decide to invest in 100 units of PGF.UN so I have to live with my decision, not that I regret it. It’s just I am imposing myself a very restricted budget. But I haven’t been saving as much money as I could lately, I did not control my expenses too much. For now am in good position anyhow. I just cannot wait to reach the 90 000$ in assets! Might be by the end of the summer if everything goes well.
Other project on the way for the Dividend Girl:
-Start a margin on my broker account to pay off 10 000$ in credit lines debt
I currently have a debt of 5 000$ at 8% at TD Canada Trust on a credit line. I also have a 5 000$ at 3.5% at BMO Bank of Montreal. I want to pay off my credit line at BMO Bank of Montreal for the simple and good reason that I got laid off from BMO Bank of Montreal and do no longer wants to give any of my business to BMO Bank of Montreal.. At the time they decide to layoff me from the Montreal call centre, shortly after giving a 5 000$ credit line and a 4 000$ value credit card, no one at BMO Bank of Montreal knew about my investments. By spilling on me, BMO Bank of Montreal has to say good bye to a future 100 000$ + dividend + interest rates and everything else.
Anyhow, just to come back on the center of my topic, 8% is kind of a huge interest rate for a credit line. I once call TD Canada Trust on how I could get a better interest rate. According to the representative I talked to before, I need to present myself at a TD branch with a copy of my credit score. Not enough for TD to have in their hands half of my fortune, TD is as bad as I am, they want always MORE. I know I should, but I don’t want to get a look at my credit score for now, but I want to be able to get a better interest rate. The margin at T D Waterhouse is at a real fantastic 3.5%. I post a couple of times about margin on my blog. At first, it came as a good solution. But after, I got scared of it and than after, I decide well, just to go ahead with it. Not only that I want to ruin BMO Bank of Montreal business, but I also want to get out of their silly banking system. Want to know what I am taking about? Last month, I came across this situation I pay my BMO Bank of Montreal on the first of the month or close by. But the payment had not be consider for the month of April, but as for the month of March because I had paid before my billing cycle date, which is the 5th of each month. So in result, I had been considered as being one month late in my payment and in result, I had to pay an extra 100$ on my minimum monthly payment. I never went to go through this again. I never had experiment such things at TD and with all the other institutions I had deal with. Do you really want to know why I am having this kind of problem with BMO Bank of Montreal only? Because BMO Bank of Montreal whole banking system suck. That’s why. I want to make sure I won’t get any problem anymore. I don’t want BMO Bank of Montreal to make money on the interest of the credit line anymore. I prefer to give ALL of my business to TD Canada Trust who had been there for me since 2005. I just need to get my margin approve at T D Waterhouse and, in the case I am being refused, I will close everything. Scary isn’t?
Friday, May 14, 2010
Welcome again Pengrowth Energy Trust (PGF.UN), 100 new units of PGF.UN in my investment portfolio!
I just purchase 100 units of Pengrowth Energy Trust (PGF.UN) at 10.50$! Nice deal. Going to be fun to update my portfolio again tonight. I want a terrific day for the TSX.
I also received my dividend for Pembina Pipeline Income Fund (PIF.UN). I had received 54.08$ from PIF.UN.
Got to go on the run for work now.
I also received my dividend for Pembina Pipeline Income Fund (PIF.UN). I had received 54.08$ from PIF.UN.
Got to go on the run for work now.
Thursday, May 13, 2010
More dividend money to come
Yesterday, the TSX gain some valuable points and it had a positive effect on my portfolio. I updated my investment portfolio and I close May 12 at a fantastic 88 709.51$. I also bring some changes to my blog. If you blog using the Blogger platform, you may have notice that bloggers can now bring pages to their blog. I did created mines. It makes the whole thing lot better than having all the data compress on my right column. I find it better this way.
Anyhow, I can say that I fully recover from the Dark Friday lost (of May 7). I read that the crash may had been caused by a Citigroup employee and that Barack Obama had opened an investigation to make sure than no other crash of this nature happen. Opening an investigation is a good idea because in my case, it almost took me a full week to recover from the Friday money loss. A crash like the one of May 7 is certainly not good for the stock market. And it’s certainly not good for myself as for small investors. And for everyone else.
My last paycheck received today bring my savings to 1 230.45$. And as you can imagine, I did what I was supposed just to do in June: I transferred money into my broker account!
I bring in 1 130$ into my TD credit line, which bring to 1280$ the money I now have available for investment. I just need to transfer the money into my broker account. And voilà, I am ready for another trade! Yeah! So now, what am I going to do with 1 280$? I know I had talked about CDL.A, but that once is for June. In June, we have 5 weeks, which mean 5 paychecks and I may find the money to invest in 100 stocks of CDL.A at that time. As for now, I have money available and I want it out of my saving account!
This is the fabulous dividend income:
From my non registered investment portfolio:
Sprott Inc. (SII): 512 stocks x 0.16$ = 81.92$
Bank of Nova Scotia (BNS): 106 stocks x 1.96$ = 207.76$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 105 stocks x 1.12$ = 117.60$
Pembina Pipeline Income Fund (PIF.UN): 413 units x 1.56$ = 644.28$
Just Energy Income Fund (JE.UN): 731 units x 1.44$ =
1 052.64$
Yellow Pages Income Fund (YLO.UN): 437 units x 0.804$ = 351.35$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 106 units x 0.84$ = 89.04$
Enbridge Income Fund (ENF.UN): 308 units x 1.152$ = 354.82$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
Premium Brands Holdings Corporation (PBH): 200 stocks x
1.176$ = 235.20$
TOTAL: 3 728.47$
From my Tax-free savings account (TFSA) portfolio:
Consumers’ Waterheater Income Fund (CWI.UN): 400 units x 0.65$ = 260$
TOTAL: 260$
From my RSP portfolio:
EnCana Corporation (ECA): 100 stocks x 0.80$ = 80$
Emera Incorporated (EMA): 200 stocks x 1.132$ = 226.40$
TOTAL: 306.40$
4 294.87$ + an extra 100$ from DRIP = 4 394.87$
I am now at an official 4 294.87$ in dividend income and at a nonofficial 4 394.87$. My dividend incomes slowly grow. What I don’t like about earning dividend inside a RSP is that dividend cannot be cash out, everything that been earned inside a RSP account have to remain inside the RSP account. Of course it can be remove from the RSP, but huge penalties will need to be paid, making cashing out dividend from RSP impossible.
With the TFSA, its possible to cash out dividend. I recently discover something with T D Waterhouse. T D Waterhouse authorize 1 free withdraws per year out of the TFSA. All extra withdraws are being charged 35$ or something like it by T D Waterhouse. AWFUL! But of course, brokers like T D Waterhouse, even if its own by TD Canada Trust, they are there to make money from investors. Even for more sophisticated investors (100 000$ in assets and up), the rule is the same: 1 free withdraws from the TFSA per year. Only one! Extremely annoying because I had 32$ in cash I would had like to withdraw. But when I learned the 1 withdraw per year rule; I decide to leave the little sum of money just where it is right now.
You might wonder what this post is all about, where am I going with all this stuff. Well, I have an awesome announcement to make!
3 728.47$: current dividend earn in my non registered portfolio
260$: current dividend earn in my TFSA
3 728.47$ + 260$ = 3 988.47$
I am very close to the 4 000$ in dividend earning with those 2 right? I mean dividend money that I can benefit from without penalties, if it’s just of that 1 withdraw rule for the TFSA.
With the money I currently have available, I decide to invest in 100 units of Pengrowth Energy Trust (PGF.UN). Currently, Pengrowth Energy Trust (PGF.UN) is at a bargain price. PGF.UN had made huge profit. The company is in good position and don’t forget, PGF.UN is being hold by Derek Foster. PGF.UN had once paid more than 2$ per unit in dividend. Due to the economy, the dividend distribution had been reduced. But at 84 cents annual distribution, PGF.UN is still a good player. Myself, I got scared when PGF.UN had announced their distribution cut so I sell PGF.UN. But since I do no hold thousands of dollars in cash, I have to look into affordable investment and PGF.UN is one of those affordable investments. Also, I wanted to bring an extra 100 units of PGF.UN in order to benefit from the DRIP. I won’t benefit that much, I will be earning 1 unit per month of PGF.UN, but its still worth it. Same thing for CDL.A, I want to invest in 100 extra stocks of CDL.A to benefit from the DRIP.
3 988.47$ + 100 units of PGF.UN at an annual dividend of 84 cents (84$)
= 4 072.47$
My newest investment will bring my dividend available money to 4 072.47$! I have exceed the 4 000$, which is nice. Overall, including the RSP dividend, I will be at a nice 4 478.87$. Next step will be to reach 5 000$ in dividend available money. I am not too far away without too much efforts, if not of looking at the TSX going up and down.
I am currently working at one the lowest income I have ever earned in my life. Before, I use to work at several jobs, multiple hours to make that of a salary so I can have money to invest. With my current situation, I make an average of 500$ per week after taxes. I may plan to remain on the same track. Why? Because of the taxes.
500$ x 52 weeks = 26 000$
For the fiscal year of 2010, I can invest a bit more than 7 000$ in my RSP.
26 000$ - 7 000$ = 19 000$
To this amount, we need to bring the dividend earnings from my non registered portfolio. But still, dividends are not being taxes that much. At this point, I will have to pay taxes on an income of a bit more than 19 000$. This is not bad at all. If I earn more, I will have to pay more in taxes. And I don’t really want to pay more taxes. Even if it’s mean having more money to invest. So that’s the scheme for now, until I change my mind. :)
Anyhow, I can say that I fully recover from the Dark Friday lost (of May 7). I read that the crash may had been caused by a Citigroup employee and that Barack Obama had opened an investigation to make sure than no other crash of this nature happen. Opening an investigation is a good idea because in my case, it almost took me a full week to recover from the Friday money loss. A crash like the one of May 7 is certainly not good for the stock market. And it’s certainly not good for myself as for small investors. And for everyone else.
My last paycheck received today bring my savings to 1 230.45$. And as you can imagine, I did what I was supposed just to do in June: I transferred money into my broker account!
I bring in 1 130$ into my TD credit line, which bring to 1280$ the money I now have available for investment. I just need to transfer the money into my broker account. And voilà, I am ready for another trade! Yeah! So now, what am I going to do with 1 280$? I know I had talked about CDL.A, but that once is for June. In June, we have 5 weeks, which mean 5 paychecks and I may find the money to invest in 100 stocks of CDL.A at that time. As for now, I have money available and I want it out of my saving account!
This is the fabulous dividend income:
From my non registered investment portfolio:
Sprott Inc. (SII): 512 stocks x 0.16$ = 81.92$
Bank of Nova Scotia (BNS): 106 stocks x 1.96$ = 207.76$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 105 stocks x 1.12$ = 117.60$
Pembina Pipeline Income Fund (PIF.UN): 413 units x 1.56$ = 644.28$
Just Energy Income Fund (JE.UN): 731 units x 1.44$ =
1 052.64$
Yellow Pages Income Fund (YLO.UN): 437 units x 0.804$ = 351.35$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 106 units x 0.84$ = 89.04$
Enbridge Income Fund (ENF.UN): 308 units x 1.152$ = 354.82$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
Premium Brands Holdings Corporation (PBH): 200 stocks x
1.176$ = 235.20$
TOTAL: 3 728.47$
From my Tax-free savings account (TFSA) portfolio:
Consumers’ Waterheater Income Fund (CWI.UN): 400 units x 0.65$ = 260$
TOTAL: 260$
From my RSP portfolio:
EnCana Corporation (ECA): 100 stocks x 0.80$ = 80$
Emera Incorporated (EMA): 200 stocks x 1.132$ = 226.40$
TOTAL: 306.40$
4 294.87$ + an extra 100$ from DRIP = 4 394.87$
I am now at an official 4 294.87$ in dividend income and at a nonofficial 4 394.87$. My dividend incomes slowly grow. What I don’t like about earning dividend inside a RSP is that dividend cannot be cash out, everything that been earned inside a RSP account have to remain inside the RSP account. Of course it can be remove from the RSP, but huge penalties will need to be paid, making cashing out dividend from RSP impossible.
With the TFSA, its possible to cash out dividend. I recently discover something with T D Waterhouse. T D Waterhouse authorize 1 free withdraws per year out of the TFSA. All extra withdraws are being charged 35$ or something like it by T D Waterhouse. AWFUL! But of course, brokers like T D Waterhouse, even if its own by TD Canada Trust, they are there to make money from investors. Even for more sophisticated investors (100 000$ in assets and up), the rule is the same: 1 free withdraws from the TFSA per year. Only one! Extremely annoying because I had 32$ in cash I would had like to withdraw. But when I learned the 1 withdraw per year rule; I decide to leave the little sum of money just where it is right now.
You might wonder what this post is all about, where am I going with all this stuff. Well, I have an awesome announcement to make!
3 728.47$: current dividend earn in my non registered portfolio
260$: current dividend earn in my TFSA
3 728.47$ + 260$ = 3 988.47$
I am very close to the 4 000$ in dividend earning with those 2 right? I mean dividend money that I can benefit from without penalties, if it’s just of that 1 withdraw rule for the TFSA.
With the money I currently have available, I decide to invest in 100 units of Pengrowth Energy Trust (PGF.UN). Currently, Pengrowth Energy Trust (PGF.UN) is at a bargain price. PGF.UN had made huge profit. The company is in good position and don’t forget, PGF.UN is being hold by Derek Foster. PGF.UN had once paid more than 2$ per unit in dividend. Due to the economy, the dividend distribution had been reduced. But at 84 cents annual distribution, PGF.UN is still a good player. Myself, I got scared when PGF.UN had announced their distribution cut so I sell PGF.UN. But since I do no hold thousands of dollars in cash, I have to look into affordable investment and PGF.UN is one of those affordable investments. Also, I wanted to bring an extra 100 units of PGF.UN in order to benefit from the DRIP. I won’t benefit that much, I will be earning 1 unit per month of PGF.UN, but its still worth it. Same thing for CDL.A, I want to invest in 100 extra stocks of CDL.A to benefit from the DRIP.
3 988.47$ + 100 units of PGF.UN at an annual dividend of 84 cents (84$)
= 4 072.47$
My newest investment will bring my dividend available money to 4 072.47$! I have exceed the 4 000$, which is nice. Overall, including the RSP dividend, I will be at a nice 4 478.87$. Next step will be to reach 5 000$ in dividend available money. I am not too far away without too much efforts, if not of looking at the TSX going up and down.
I am currently working at one the lowest income I have ever earned in my life. Before, I use to work at several jobs, multiple hours to make that of a salary so I can have money to invest. With my current situation, I make an average of 500$ per week after taxes. I may plan to remain on the same track. Why? Because of the taxes.
500$ x 52 weeks = 26 000$
For the fiscal year of 2010, I can invest a bit more than 7 000$ in my RSP.
26 000$ - 7 000$ = 19 000$
To this amount, we need to bring the dividend earnings from my non registered portfolio. But still, dividends are not being taxes that much. At this point, I will have to pay taxes on an income of a bit more than 19 000$. This is not bad at all. If I earn more, I will have to pay more in taxes. And I don’t really want to pay more taxes. Even if it’s mean having more money to invest. So that’s the scheme for now, until I change my mind. :)
Wednesday, May 12, 2010
My stock investment portfolio in date of May 10, 2010
Savings:
844.64$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 073.60$
Timminco (TIM): 134$
Blue Note Mining (BNT): 40$
Bank of Nova Scotia (BNS): 5 459$
Hanwei Energy Services (HE): 118.50$
Methanex Corporation (MX): 2 387.54$
Fortis (FTS): 2 843.40$
Pembina Pipeline Income Fund (PIF.UN):
7 587.84$
Just Energy Income Fund (JE.UN): 9 459.14$
Yellow Pages Income Fund (YLO.UN):
2 748.73$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 564$
Pengrowth Energy Trust (PGF.UN): 1 134.20$
Enbridge Income Fund (ENF.UN): 4 296.60$
Corby Distilleries Limited (CDL.A): 1 550$
Davis + Henderson Income Fund (DHF.UN):
1 740$
Premium Brands Holdings Corporation (PBH):
2 590$
Cash: 9.88$
TOTAL: 46 736.43$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 722.62$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 072$
Sprott Canadian Equity Fund:
5 253.11$
Dumont Nickel Inc. (DNI): 345$
Cash: 32.49$
TOTAL: 10 425.22$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 172$
EnCana Corporation (ECA): 3 211$
Emera Incorporated (EMA): 4 842$
Cash: 259.21$
CIBC Dividend Growth Fund: 501.94$
CIBC Emerging Markets Index Fund: 405.44$
CIBC Monthly Income Fund: 1 010.22$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 113.37$
TD Monthly Income: 105.05$
TD Emerging Markets: 79$
TD Energy: 80.97$
TD Precious Metals: 111.38$
TD Latin American Growth: 91.32$
TD Entertainment & Communications: 104.12$
TD Dividend Growth: 199.25$
TD U.S. Mid-Cap Growth: 102.21$
Maritime Life International Equity Fund
(Templeton): 609.61$
Manulife Simplicity Growth Portfolio: 849.09$
Maritime Life CI Harbour Seg Fund: 974.85$
Maritime Life Fidelity True North Seg Fund: 945.24$
Maritime Life Trimark Europlus Seg Fund: 565.69$
Great-West – various: 1 753.62$
RBC Canadian Dividend Fund: 510.58$
RBC U.S. Mid-Cap Equity Fund C$: 1 817.04$
RBC Global Resources Fund: 889.09$
RBC O’Shaughnessy International Equity Fund:
564.44$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 017.99$
GIC Canadian Market: 1 000$
TOTAL: 29 118$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(25.44$):
87 189.73$
[In date of May 10, 2010]
844.64$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 073.60$
Timminco (TIM): 134$
Blue Note Mining (BNT): 40$
Bank of Nova Scotia (BNS): 5 459$
Hanwei Energy Services (HE): 118.50$
Methanex Corporation (MX): 2 387.54$
Fortis (FTS): 2 843.40$
Pembina Pipeline Income Fund (PIF.UN):
7 587.84$
Just Energy Income Fund (JE.UN): 9 459.14$
Yellow Pages Income Fund (YLO.UN):
2 748.73$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 564$
Pengrowth Energy Trust (PGF.UN): 1 134.20$
Enbridge Income Fund (ENF.UN): 4 296.60$
Corby Distilleries Limited (CDL.A): 1 550$
Davis + Henderson Income Fund (DHF.UN):
1 740$
Premium Brands Holdings Corporation (PBH):
2 590$
Cash: 9.88$
TOTAL: 46 736.43$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 722.62$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 072$
Sprott Canadian Equity Fund:
5 253.11$
Dumont Nickel Inc. (DNI): 345$
Cash: 32.49$
TOTAL: 10 425.22$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 172$
EnCana Corporation (ECA): 3 211$
Emera Incorporated (EMA): 4 842$
Cash: 259.21$
CIBC Dividend Growth Fund: 501.94$
CIBC Emerging Markets Index Fund: 405.44$
CIBC Monthly Income Fund: 1 010.22$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 113.37$
TD Monthly Income: 105.05$
TD Emerging Markets: 79$
TD Energy: 80.97$
TD Precious Metals: 111.38$
TD Latin American Growth: 91.32$
TD Entertainment & Communications: 104.12$
TD Dividend Growth: 199.25$
TD U.S. Mid-Cap Growth: 102.21$
Maritime Life International Equity Fund
(Templeton): 609.61$
Manulife Simplicity Growth Portfolio: 849.09$
Maritime Life CI Harbour Seg Fund: 974.85$
Maritime Life Fidelity True North Seg Fund: 945.24$
Maritime Life Trimark Europlus Seg Fund: 565.69$
Great-West – various: 1 753.62$
RBC Canadian Dividend Fund: 510.58$
RBC U.S. Mid-Cap Equity Fund C$: 1 817.04$
RBC Global Resources Fund: 889.09$
RBC O’Shaughnessy International Equity Fund:
564.44$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 017.99$
GIC Canadian Market: 1 000$
TOTAL: 29 118$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(25.44$):
87 189.73$
[In date of May 10, 2010]
Tuesday, May 11, 2010
Trading Dumont Nickel (DNI) online
Remember that I own Dumont Nickel (DNI) in my portfolio and that had been trying for month now to make a profit out of this investment by selling my 23 000 stocks at 4 cents? Well, this haven’t happen yet and its been almost a year… lol.
On today May 11, Dumont Nickel stocks had rollback 8 to 1. This mean that I no longer own 23 000 stocks of Dumont Nickel. I now own I believe 2 875 stocks of Dumont Nickel. I say I believe because nothing had been changed in my broker account when it come to Dumont Nickel, if note just a « * » following the investment with still 23 000 stocks. I completely forgot about this and of course, during the day, when I saw DNI going from 0.015 cents to 15 cents, I got a taught, oh yeah, the rollback. No problem, but…
I had a sell order open to sell Dumont Nickel at 4 cents per stock. Since I forgot about the rollback, my sell offer at 4 cents for Dumont Nickel was still on… And during the day at work I wonder what was going to happen of my Dumont Nickel investment, if it was going to be sell or what. But it didn’t get sell, the order had simply been cancel… OUF! What a release. So now I just have to renew my sell order for Dumont Nickel once everything will be fix in my broker account. I hope it will be for tomorrow.
I originally purchased 23 000 stocks of Dumont Nickel at 3 cents per stock, for an investment value of 690$ + 29$ in commission fee for T D Waterhouse. For a total of 719$. If I want to make a profit out my now 2 875 stocks, I now have to sell at a higher price than 25 cents. I am not in a hurry to make money out of Dumont Nickel. Well not now, bt back in the summer of last year, I had made my investment in Dumont Nickel in order to make a quick sell and bring a 200$ in for the summer… But of course, it never happen… lol….. such memories.
Currently, Dumont Nickel no longer Dumont Nickel. The company new name is DNI Metals Inc. From my understanding, the company will continue to trade under DNI.
On today May 11, Dumont Nickel stocks had rollback 8 to 1. This mean that I no longer own 23 000 stocks of Dumont Nickel. I now own I believe 2 875 stocks of Dumont Nickel. I say I believe because nothing had been changed in my broker account when it come to Dumont Nickel, if note just a « * » following the investment with still 23 000 stocks. I completely forgot about this and of course, during the day, when I saw DNI going from 0.015 cents to 15 cents, I got a taught, oh yeah, the rollback. No problem, but…
I had a sell order open to sell Dumont Nickel at 4 cents per stock. Since I forgot about the rollback, my sell offer at 4 cents for Dumont Nickel was still on… And during the day at work I wonder what was going to happen of my Dumont Nickel investment, if it was going to be sell or what. But it didn’t get sell, the order had simply been cancel… OUF! What a release. So now I just have to renew my sell order for Dumont Nickel once everything will be fix in my broker account. I hope it will be for tomorrow.
I originally purchased 23 000 stocks of Dumont Nickel at 3 cents per stock, for an investment value of 690$ + 29$ in commission fee for T D Waterhouse. For a total of 719$. If I want to make a profit out my now 2 875 stocks, I now have to sell at a higher price than 25 cents. I am not in a hurry to make money out of Dumont Nickel. Well not now, bt back in the summer of last year, I had made my investment in Dumont Nickel in order to make a quick sell and bring a 200$ in for the summer… But of course, it never happen… lol….. such memories.
Currently, Dumont Nickel no longer Dumont Nickel. The company new name is DNI Metals Inc. From my understanding, the company will continue to trade under DNI.
Monday, May 10, 2010
My stock investment portfolio gain 1 478.58$ today
Today had been a Sunny Monday, I just couldn’t wait for my day at work to be over so I can update my portfolio and see now things went on the stock market.
I close the day at a good 87 189.73$, which represent a gain of 1 478.58$ compare to May 7.
Back on May 1, my stock investment portfolio was at 88 632.34$. So compare to May 1, I am still experiencing a loss of 1 442.61$. But the gain of today were quite positive so hopefully, I will be once again near the 89 000$ in assets very soon.
I close the day at a good 87 189.73$, which represent a gain of 1 478.58$ compare to May 7.
Back on May 1, my stock investment portfolio was at 88 632.34$. So compare to May 1, I am still experiencing a loss of 1 442.61$. But the gain of today were quite positive so hopefully, I will be once again near the 89 000$ in assets very soon.
My stock investment portfolio in date of May 7, 2010
Savings:
844.64$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 022.40$
Timminco (TIM): 132$
Blue Note Mining (BNT): 42$
Bank of Nova Scotia (BNS): 5 336.04$
Hanwei Energy Services (HE): 123$
Methanex Corporation (MX): 2 228.92$
Fortis (FTS): 2 706.90$
Pembina Pipeline Income Fund (PIF.UN):
7 463.04$
Just Energy Income Fund (JE.UN): 9 393.35$
Yellow Pages Income Fund (YLO.UN):
2 739.99$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 549$
Pengrowth Energy Trust (PGF.UN): 1 107.70$
Enbridge Income Fund (ENF.UN): 4 235$
Corby Distilleries Limited (CDL.A): 1 557$
Davis + Henderson Income Fund (DHF.UN):
1 676$
Premium Brands Holdings Corporation (PBH):
2 494$
Cash: 9.88$
TOTAL: 45 816.22$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 646.17$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 012$
Sprott Canadian Equity Fund:
5 215.55$
Dumont Nickel Inc. (DNI): 345$
Cash: 32.49$
TOTAL: 10 251.21$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 180$
EnCana Corporation (ECA): 3 160$
Emera Incorporated (EMA): 4 710$
Cash: 259.21$
CIBC Dividend Growth Fund: 492.70$
CIBC Emerging Markets Index Fund: 438.58$
CIBC Monthly Income Fund: 996.62$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 113.79$
TD Monthly Income: 103.78$
TD Emerging Markets: 76.33$
TD Energy: 78.36$
TD Precious Metals: 109.50$
TD Latin American Growth: 86.59$
TD Entertainment & Communications: 101.63$
TD Dividend Growth: 195.41$
TD U.S. Mid-Cap Growth: 98.90$
Maritime Life International Equity Fund
(Templeton): 580.76$
Manulife Simplicity Growth Portfolio: 831.57$
Maritime Life CI Harbour Seg Fund: 974.85$
Maritime Life Fidelity True North Seg Fund: 945.24$
Maritime Life Trimark Europlus Seg Fund: 554.43$
Great-West – various: 1 753.62$
RBC Canadian Dividend Fund: 500.84$
RBC U.S. Mid-Cap Equity Fund C$: 1 760.05$
RBC Global Resources Fund: 860.96$
RBC O’Shaughnessy International Equity Fund:
545.24$
RBC O’Shaughnessy All-Canadian Equity
Fund: 992.97$
GIC Canadian Market: 1 000$
TOTAL: 28 734.21$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(24.87$):
85 711.15$
[In date of May 7, 2010]
844.64$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 022.40$
Timminco (TIM): 132$
Blue Note Mining (BNT): 42$
Bank of Nova Scotia (BNS): 5 336.04$
Hanwei Energy Services (HE): 123$
Methanex Corporation (MX): 2 228.92$
Fortis (FTS): 2 706.90$
Pembina Pipeline Income Fund (PIF.UN):
7 463.04$
Just Energy Income Fund (JE.UN): 9 393.35$
Yellow Pages Income Fund (YLO.UN):
2 739.99$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 549$
Pengrowth Energy Trust (PGF.UN): 1 107.70$
Enbridge Income Fund (ENF.UN): 4 235$
Corby Distilleries Limited (CDL.A): 1 557$
Davis + Henderson Income Fund (DHF.UN):
1 676$
Premium Brands Holdings Corporation (PBH):
2 494$
Cash: 9.88$
TOTAL: 45 816.22$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 646.17$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 012$
Sprott Canadian Equity Fund:
5 215.55$
Dumont Nickel Inc. (DNI): 345$
Cash: 32.49$
TOTAL: 10 251.21$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 180$
EnCana Corporation (ECA): 3 160$
Emera Incorporated (EMA): 4 710$
Cash: 259.21$
CIBC Dividend Growth Fund: 492.70$
CIBC Emerging Markets Index Fund: 438.58$
CIBC Monthly Income Fund: 996.62$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 113.79$
TD Monthly Income: 103.78$
TD Emerging Markets: 76.33$
TD Energy: 78.36$
TD Precious Metals: 109.50$
TD Latin American Growth: 86.59$
TD Entertainment & Communications: 101.63$
TD Dividend Growth: 195.41$
TD U.S. Mid-Cap Growth: 98.90$
Maritime Life International Equity Fund
(Templeton): 580.76$
Manulife Simplicity Growth Portfolio: 831.57$
Maritime Life CI Harbour Seg Fund: 974.85$
Maritime Life Fidelity True North Seg Fund: 945.24$
Maritime Life Trimark Europlus Seg Fund: 554.43$
Great-West – various: 1 753.62$
RBC Canadian Dividend Fund: 500.84$
RBC U.S. Mid-Cap Equity Fund C$: 1 760.05$
RBC Global Resources Fund: 860.96$
RBC O’Shaughnessy International Equity Fund:
545.24$
RBC O’Shaughnessy All-Canadian Equity
Fund: 992.97$
GIC Canadian Market: 1 000$
TOTAL: 28 734.21$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(24.87$):
85 711.15$
[In date of May 7, 2010]
Sunday, May 9, 2010
TFSA and RSP: the contribution in kind of Gordon Pape
I had read many times Gordon Pape books. They contain many great information and its sometimes difficult to keep all the pieces in head. As I use to read and re-read Derek Foster books from time to time, I guess I will have to do the same thing with Gordon Pape books. Why? Because Gordon Pape answers my questions regarding transfer of non registered assets into TFSA assets. I had read his book about TFSA, but I can of forgive about the contribution in kind. Or I might have it in mind and it wasn’t perfectly clear in my head.
Anyhow, I also add here the RSP because the exact same scheme applies. In 2010, I engage myself in a RSP credit line at TD Canada Trust. For my tax declaration of 2010, I have a bit more than 7 000$ I can invest for my RSP. For that next RSP investment, I will do what Gordon Pape explains as being a « contribution in kind ».
In January 2010, I transferred my 4 980.98$ Sprott Canadian Equity Fund non registered investment into my TFSA. When I blog about what I had did, I was told I had done a mistake by one of my reader. But from my point of view, what I did wasn’t a mistake. Here’s the why. Back in 2008, I had invested 7 033.50$ in the Sprott Canadian Equity Fund. In early 2010, the same investment in the Sprott Canadian Equity Fund worth 4 980.98$. In January 2010, I transferred the exact same investment into the TFSA. So why this should be considered a mistake?
When doing a contribution in kind to a TFSA or a RSP, no capital loss can be declared. In this case, my initial investment in Sprott Canadian Equity Fund worthed 7 033.50$. In 2010, the same investment only worth 4 980.98$. This represent a capital loss of 2052.52$ that cannot be declared for taxes purposes. This is my mistake.
According to Gordon Pape, in order to be eligible for capital loss, an individual have to sell outside the RSP or TFSA than get the money transferred into the RSP and TFSA and than re-invested the money in the same investment if wanted. Actually, once the money is being re-invested into the RSP or TFSA, it doesn’t matter if you reinvested the money in the same product. Remember: it’s your money and you can do whatever you want with it!
As for my part, reclaiming a capital loss never cross my mind because for me, it was cleared that the Sprott Canadian Equity Fund was going to increase in value over time. On date of May 7, 2010, my investment in the Sprott Canadian Equity Fund worth 5215.55$, which represent a gain of 234.57$ compare to January 2010.
The reason why I wanted to transferred my Sprott Canadian Equity Fund into the TFSA its because first, I wanted to invest something into my 2010 TFSA contribution and secondly, I wanted my gain that will be made with the sell of Sprott Canadian Equity Fund to be free of taxes. Of course, we are talking here about a long term investment. I have a lot of time in my hand, I don’t mind waiting 2 years if needed before selling the Sprott Canadian Equity Fund in order to make a profit out of it. But when time will come, the profit will be free of taxes. That was the idea behind my transferred of Sprott Canadian Equity Fund into my TFSA.
With contribution in kind, if capital loss cannot be declared for taxes benefit, you absolutely have to declare capital gain, even if you don’t sell the investment, even if its only the question of a transferred from non registered to a registered account (TFSA or RSP). That’s kind of tricky and government just playing a very foolish game with investors. But I guess the reason why taxes had to be declared on capital gain on the money being transferred is because the money being transferred grow free of taxes. So if money had been made before the transferred being made, you can imagine, the government wants to get a bite of what you had made in profit.
We could make the following summary:
Capital loss: CANNOT be declared. Must sell the investment outside the TFSA before transferring the money (it cannot be the investment itself if you want to declared capital loss) into the TFSA.
Capital gain: MUST be declared.
Very easy to understand isn’t? I am glade I went thought this now because later on I will have to invest for my RSP and its going to be a contribution in kind. And a contribution in kind of course mean when you take non registered investment and transfer that investment into RSP or TFSA. Pretty easy once you understand.
And of course, you understand that what I had written in this post is my very own interpretation of Gordon Pape explanation of contribution in kind for TFSA that also applied for RSP. For the accurate information, you can read pages 20 and 21 of the Ultimate Tax Free Savings Account Guide of Gordon Pape latest edition and, if not, read the whole book, plenty, several, multiple times as required by your brain. :)
Anyhow, I also add here the RSP because the exact same scheme applies. In 2010, I engage myself in a RSP credit line at TD Canada Trust. For my tax declaration of 2010, I have a bit more than 7 000$ I can invest for my RSP. For that next RSP investment, I will do what Gordon Pape explains as being a « contribution in kind ».
In January 2010, I transferred my 4 980.98$ Sprott Canadian Equity Fund non registered investment into my TFSA. When I blog about what I had did, I was told I had done a mistake by one of my reader. But from my point of view, what I did wasn’t a mistake. Here’s the why. Back in 2008, I had invested 7 033.50$ in the Sprott Canadian Equity Fund. In early 2010, the same investment in the Sprott Canadian Equity Fund worth 4 980.98$. In January 2010, I transferred the exact same investment into the TFSA. So why this should be considered a mistake?
When doing a contribution in kind to a TFSA or a RSP, no capital loss can be declared. In this case, my initial investment in Sprott Canadian Equity Fund worthed 7 033.50$. In 2010, the same investment only worth 4 980.98$. This represent a capital loss of 2052.52$ that cannot be declared for taxes purposes. This is my mistake.
According to Gordon Pape, in order to be eligible for capital loss, an individual have to sell outside the RSP or TFSA than get the money transferred into the RSP and TFSA and than re-invested the money in the same investment if wanted. Actually, once the money is being re-invested into the RSP or TFSA, it doesn’t matter if you reinvested the money in the same product. Remember: it’s your money and you can do whatever you want with it!
As for my part, reclaiming a capital loss never cross my mind because for me, it was cleared that the Sprott Canadian Equity Fund was going to increase in value over time. On date of May 7, 2010, my investment in the Sprott Canadian Equity Fund worth 5215.55$, which represent a gain of 234.57$ compare to January 2010.
The reason why I wanted to transferred my Sprott Canadian Equity Fund into the TFSA its because first, I wanted to invest something into my 2010 TFSA contribution and secondly, I wanted my gain that will be made with the sell of Sprott Canadian Equity Fund to be free of taxes. Of course, we are talking here about a long term investment. I have a lot of time in my hand, I don’t mind waiting 2 years if needed before selling the Sprott Canadian Equity Fund in order to make a profit out of it. But when time will come, the profit will be free of taxes. That was the idea behind my transferred of Sprott Canadian Equity Fund into my TFSA.
With contribution in kind, if capital loss cannot be declared for taxes benefit, you absolutely have to declare capital gain, even if you don’t sell the investment, even if its only the question of a transferred from non registered to a registered account (TFSA or RSP). That’s kind of tricky and government just playing a very foolish game with investors. But I guess the reason why taxes had to be declared on capital gain on the money being transferred is because the money being transferred grow free of taxes. So if money had been made before the transferred being made, you can imagine, the government wants to get a bite of what you had made in profit.
We could make the following summary:
Capital loss: CANNOT be declared. Must sell the investment outside the TFSA before transferring the money (it cannot be the investment itself if you want to declared capital loss) into the TFSA.
Capital gain: MUST be declared.
Very easy to understand isn’t? I am glade I went thought this now because later on I will have to invest for my RSP and its going to be a contribution in kind. And a contribution in kind of course mean when you take non registered investment and transfer that investment into RSP or TFSA. Pretty easy once you understand.
And of course, you understand that what I had written in this post is my very own interpretation of Gordon Pape explanation of contribution in kind for TFSA that also applied for RSP. For the accurate information, you can read pages 20 and 21 of the Ultimate Tax Free Savings Account Guide of Gordon Pape latest edition and, if not, read the whole book, plenty, several, multiple times as required by your brain. :)
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